NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating potential claims on behalf of purchasers of Groupon, Inc. (aGroupona or the aCompanya) (Nasdaq: GRPN) securities concerning possible violations of federal securities laws.
"a material weakness in its internal controls over its financial statement close process in its Annual Report on Form 10-K for year ended December 31, 2011."
For more information, click here: [ http://www.zlk.com/groupon-grpn ].
The investigation stems from weaknesses within the companyas reported revenue and earnings. On March 30, 2012, Groupon announced a restatement of its financial results for the fourth quarter and year ended December 31, 2011. According to a Company press release, Grouponas auditor found aa material weakness in its internal controls over its financial statement close process in its Annual Report on Form 10-K for year ended December 31, 2011.a
If you own Groupon stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com ].
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.